Apogee Silver Concludes Successful Community Consultation Meeting for the Development of the Pulacayo Project in Bolivia

Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) announces the
positive results of a community consultation meeting held in Pulacayo on
December 14, 2012 in connection with the proposed development of the Pulacayo
Project situated in the Potosi region of Bolivia (Figure 1) (the "Project"). The
meeting was attended by over four hundred people, including representatives from
a number of public, regional and local authorities, independent environmental
consultants (MEDMIN S.A.), the Pulacayo Cooperative and Company representatives.
Representatives from all 22 communities determined by MEDMIN S.A. to potentially
be affected by the Project were in attendance and were provided with an
opportunity to express their opinions. Apogee management was profoundly
encouraged by the level of support expressed for the Project at the meeting.
Management was further comforted by the fact that, in their view, none of the
concerns expressed at the meeting are issues that cannot be reasonably addressed
in due course. 


This important milestone allows the Company to conclude its application for a
new environmental permit from the Bolivian authorities for expanded production
as well as the construction of a processing and tailings storage facility at
Pulacayo. Apogee is already the holder of an environmental permit that
authorises mining operations at a rate of 200tpd for the Project. The Company's
current permit is limited to mineral processing elsewhere but not on site.


CEO Neil T. Ringdahl stated, "We are very pleased with the overwhelming level of
support received for the Project from the local communities and the Ayllus or
indigenous leadership, and believe this can be attributed to the strong
relationships we have developed locally. We believe that, having built a bakery
and basketball court in Pulacayo, having made contributions to a local library,
and having had the Company's doctors consulting with and providing free medical
assistance to families living in Pulacayo clearly demonstrates that community
relations are fundamental to Apogee's overall strategy and ethos."


About Apogee Silver Ltd.

Apogee Silver Ltd. is a mineral exploration and development stage company listed
on the TSX Venture Exchange under the symbol APE. Apogee targets advanced
silver-zinc-lead projects in South America that demonstrate potential to be
developed to production. Currently its projects are located in the historic
silver producing regions of southwest Bolivia and northern Chile. There are
currently 301,066,809 common shares of Apogee issued and outstanding.


Apogee's most advanced project is the 100% controlled Pulacayo-Paca project in
Bolivia. This project includes the property that covered what is understood by
the Company to be the second-largest silver mine in the history of Bolivia with
a historical estimate of over 600 million ounces of past production.


On Behalf of Apogee Silver Limited,



Neil T. Ringdahl              G. Scott Paterson                             
Chief Executive Officer       Chairman                                      



Cautionary Notes: 

Except for statements of historical fact contained herein, the information in
this press release may be deemed to constitute "forward-looking information"
within the meaning of Canadian and other applicable securities law. Such
forward-looking information may include, without limitation, opinions and/or
statements (express or implied) regarding the anticipated effects and/or impact
of the Project, personal interpretations of events and/or the results of the
community consultation relating to the Project, whether in relation to the
Company's permits or otherwise. There can be no assurance that such statements
(express or implied) will prove to be accurate, and actual results and future
events could differ materially from such statements. Investors are cautioned not
to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly
disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.
It should also be noted that mineral resources that are not mineral reserves do
not have demonstrated economic viability. 


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/ape0109fig1.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Apogee Silver Limited
Marilia Bento
Vice President Corporate Development
[phone]
[e-mail]


Apogee Silver Limited
Neil T. Ringdahl
Chief Executive Officer
[phone]
[e-mail]
www.apogeesilver.com